Sam Bankman-Fried 'Had His Day In Court': Democrats And Republicans Urge Trump Not To Pardon SBF
The resolution follows a court ruling that upheld Bankman-Fried’s 25-year sentence for a fraud scheme involving billions in customer funds.
- On Wednesday, Senators Cynthia Lummis and Ruben Gallego introduced a bipartisan resolution urging President Trump to deny FTX cofounder Sam Bankman-Fried executive clemency.
- A federal appeals court upheld Bankman-Fried's 25-year sentence on June 12, rejecting his claims of an unfair trial in the 2023 fraud case involving customer funds siphoned into Alameda Research.
- The four-page resolution from Senate Banking Committee members asserts the sentence "serves the interests of justice" and opposes his ongoing "pending" pardon bid with the Justice Department.
- While the measure cannot legally block a presidential pardon, it increases political pressure on The White House; Trump previously stated he had no plans to grant clemency to Bankman-Fried.
- Bankman-Fried, a former Democrat donor, has courted Trump's orbit for relief, complicating Senate efforts on the CLARITY Act, the crypto market structure legislation Gallego aims to pass with strict ethics provisions.
12 Articles
12 Articles
Bankman-Fried Quest for Trump Pardon Hits Congress Pushback
Congress Pushes Trump to Reject Pardon Request
“U.S. senators from both political parties are urging President Donald Trump to reject FTX co-founder Sam Bankman Fried’s pleas for a pardon after the cryptocurrency fraudster applied for clemency last week,” Bloomberg reports.
While Sam Bankman-Fried is trying to obtain a presidential pardon, Republican and Democratic elected officials are getting into the niche. The most explosive cryptic file of the year could experience a new twist. L的article Crypto: US elected officials warn against Trump's grace for Bankman-Fried appeared first on Cointribune.
Congress Draws a Line: Bipartisan Stand Against Pardoning Sam Bankman-Fried
Sam Bankman-Fried filed his formal request for a presidential pardon just days ago. The convicted founder of the collapsed cryptocurrency exchange FTX now sits in federal prison. He faces 25 years. Yet his bid for clemency has already run into stiff resistance from both sides of the aisle. Senators Cynthia Lummis, a Wyoming Republican, and Ruben Gallego, an Arizona Democrat, introduced a resolution Wednesday. It urges the executive branch to rej…
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